Cost Of Living
The cost of living in this region is notably lower than the national average, encompassing everyday goods, housing, utilities, transportation and health care expenses.
Crime
The crime rate is far lower than the national average per 100,000 residents. As such, it should be considered a very safe place to live when compared to other areas.
Employment
This area excels in the employment category with a score well above average, primarily due to the higher median home income, per capita income and low unemployment rates.
Housing
High scores in the housing category are attributed to this area, possibly pointing to a favorable home affordability ratio, robust appreciation rates or elevated home values.
Ratings
Locals express favorable opinions about the proximity of everyday local amenities, parks, public transit, neighborly atmosphere, strong sense of community and the general safety of the area.
Amenities
A large portion of amenities are not ideally situated within walking distance, potentially requiring residents to utilize a vehicle or public transportation.
Commute
Access to public transportation in this particular area may be limited, which can result in longer-than-average commute times to reach workplaces.
Health & Safety
A low health and safety score may be attributed to factors such as subpar air quality and the unavailability of certain health-related facilities like hospitals, clinics, doctors and pharmacies.
Located in the state of Pennsylvania, Economy is a smaller city with a population of 9,465 residents. At 97%, the majority of the Economy population is White; this is followed by 1% Black and 0% Asian. The Economy population appears to be aging at a faster rate than normal. The median age is currently 51, which is on the high side when compared to most other cities. If finding a family friendly city is important to you, look no further. With more than 72% of the population considered married and 27% with kids under the age of 18, Economy could be considered a very suitable city for families. On a daily basis, the typical American spends approximately 26 minutes on their one-way work commute. Reduced travel times not only contributes to increased overall happiness, but also affords more opportunities to cherish moments with family and friends. If you're living in Economy, your commute time will align closely with the national average, spanning a one-way duration of approximately 28 minutes.
Are you trying to ascertain if living in Economy is the right fit for your lifestyle? To ensure a great experience before moving to any new city in Pennsylvania, you will probably want to make sure that you check all of the most important boxes. Several key factors deserve attention. For one, safety is paramount, ensuring that your new area is low in crime is key. Proximity to workplaces or schools minimizes commute times and fosters convenience. Access to essential amenities like parks, grocery stores, food, fitness, shops and healthcare facilities enhances daily life. Efficient public transportation options provide mobility and connectivity. The sense of community creates a welcoming and supportive environment. Lastly, the overall atmosphere, encompassing the vibe, aesthetics, and lifestyle offerings, contributes to a fulfilling living experience. Considering these elements helps identify the ideal neighborhood for your needs and preferences. With useful information like amenities, commute, health & safety, employment, housing and other key data points, finding the best places to live in Economy and in the areas around Economy is a much easier task.
The livability score in Economy is 66/100 and the city is ranked in the 62nd percentile of all cities across America. If we dig a little deeper into each category within the livability score, we see that Economy has higher than average rankings for the following: crime (B+), cost of living (B+), employment (A+) and housing (A+). There are some categories that Economy does not rank well for, including: amenities (F) and education (D). It might be worth taking a closer look to determine why.
Low rates of violent crime, encompassing offenses such as murder, rape, robbery and assault, contribute significantly to a safer living environment. This reduction in crime minimizes the chances of personal harm, property theft, or violent incidents. Furthermore, low crime rates can have a positive impact on property values and the overall desirability of an area. There were 22 crimes per 100,000 residents, which signifies that Economy boasts an impressively low violent crime rate that falls well below the national average.
Unemployment rates can range pretty dramatically from one city to another. Knowing that Economy has an unemployment rate of 1.9% could mean increased job opportunities with a higher demand for workers. It could also lead to higher wages, as the demand for workers exceeds the availability of jobs. Most importantly, it could be a sign of a healthy and thriving local economy.
For home buyers, real estate will be the largest purchase they will ever make and it will also be their most valuable asset. For renters, the monthly rent paid on their Economy apartments will most likely be their largest expense. Based on tangible metrics like home and rental affordability and appreciation rates, housing in this area has received a score that is well above the average of every other US city. A thriving real estate market can also generate strong local economic activity and job creation.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Economy is actually affordable. Median real estate prices in Economy come in at $355,242, which is 19.9% higher than the Pennsylvania average. The home price to income ratio compares the median home prices to the median household income. In Economy, the home price to income ratio is 3, which is 18.9% lower than the Pennsylvania average.
| Statistic | Economy | Pennsylvania | National |
| Average one way commute | 28min | 26min | 26min |
| Workers who drive to work | 85.9% | 76.5% | 76.4% |
| Workers who carpool | 4.1% | 8.5% | 9.3% |
| Workers who take public transit | 0.5% | 5.6% | 5.1% |
| Workers who bicycle | 0.0% | 0.5% | 0.6% |
| Workers who walk | 1.5% | 3.8% | 2.8% |
| Working from home | 7.3% | 4.2% | 4.6% |
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